Lending

KANSAS CITY, Mo. -- Mark A. Ernst, the former CEO of H&R Block who guided the tax preparing company into the subprime mortgage market with Option One unit, will receive a cash severance package of $2.55 million, the company announced. He will also be fully vested in stock options and...

CHANTILLY, Va. -- Today's news that home prices fell 6.1% in October from a year ago in 20 of the largest metropolitan areas, following a 4.9% drop in September, making for a single monthly drop of 1.4% raises concerns that mortgage fallout is affecting consumers' ability to handle other debts.

PLYMOUTH, Mich. -- The Michigan Credit Union League said Wednesday its special "Mortgage Crisis Summit" and webinar Jan. 10 will focus public attention on the role CUs are and will be playing in the mounting foreclosure problem impacting the state.

PALO ALTO, Calif. -- The initial group of six large U.S. credit unions all taking part in the much-heralded launch of Zopa Ltds social networking venture are likely to be joined by more that belong to the Member Gateways network, it was disclosed Wednesday.

PALO ALTO, Calif. -- The initial group of six large U.S. credit unions all taking part in the much-heralded launch of Zopa Ltds social networking venture are likely to be joined by more that belong to the Member Gateways network, it was disclosed Wednesday.

NAPERVILLE, Ill. -- HealthCare Associates Credit Union is now using a batch laser-generated self-mailer system to produce notices such as delinquency and loan billings.